Oxley Holdings - revisted.......they have executed well......what's next for this stock ??
Tuesday, 17 April, 2012 4:7 PM
Posted by Kevin Scully
My initial comments
I first wrote about Oxley Holdings on 6 January 2011. The share price then was about S$0.38. I liked the hidden potential which if they executed well would give an RNAV of S$0.62 and on a present value basis this would be worth S$0.51. I was concerned about four things:
a) could they execute the sale of Ubi - their large industrial site in Paya Lebar with more than 1mn sq ft of space
b) could they execute the sale of their two office plots in 138 and 144 Robinson Road
c) the potential overhang from Pre-IPO investors who got their shares at S$0.21 compared to the IPO price of S$0.38 when the moratorium expired
d) their ......
